LIG Assets Finalizes $151.5 Million Acquisition of Brooks Quarry Limestone Property in Florida
June 15th, 2026 2:00 PM
By: Newsworthy Staff
LIG Assets, Inc. completed the acquisition of 1,132 acres at Brooks Quarry in Marianna, Florida, adding $151.5 million in mineral and real estate assets to its balance sheet, with plans to produce construction aggregates and ultra-pure calcium carbonate.

LIG Assets, Inc. (OTCQB: LIGA) announced the finalization of its acquisition of approximately 1,132 acres comprising the Brooks Quarry limestone property in Marianna, Florida, through its wholly-owned subsidiary Gold Run, Inc. The acquisition, valued at $151.5 million, adds significant long-lived mineral and real estate assets to the Company's balance sheet, substantially increasing its asset base and providing a platform for future development.
The purchase price is structured with long-term owner financing based on an installment agreement of $151 million, with three equal payments of $50,500,000 due in 2032, 2038, and 2043. According to historical engineering reports, the asset contains over 200 million tons of limestone reserves with an estimated value of approximately $400 million, representing a long-life, high-quality resource. An initial deposit of more than $500,000 has been delivered to the seller to secure the transaction, providing LIG Assets with exclusive control and rights to the entire acreage during the acquisition process. The Agreement is subject to further Definitive Agreements and Attorney Review and compliance with regulatory guidelines.
The property is expected to support the production of a range of products, including construction aggregates such as road base and agricultural lime (ag-lime), which is used to reduce soil acidity and improve crop yields. Additionally, the exceptional purity of the limestone creates the potential to expand into the ultra-pure calcium carbonate market. This material has applications in medical products (antacids and calcium supplements), industrial uses (construction materials, paper, and paints), and consumer products (toothpaste, cleaning agents, and food additives).
In addition to its mineral assets, LIG Assets continues to advance the evaluation and testing of its proprietary water treatment and environmental remediation technologies for potential application in slurry ponds and mining operations. Management stated, 'Our primary objective remains the creation of long-term shareholder value through disciplined acquisitions, responsible asset development, and strategic investments in innovative environmental technologies. The Brooks Quarry acquisition represents another step in expanding our portfolio of long-lived hard asset investments while we continue pursuing opportunities that we believe can enhance shareholder value over time.'
The Company expects to provide additional updates regarding the Brooks Quarry property, including the progress of the SK-1300 Technical Report Summary, engineering evaluations, permitting activities, and other strategic initiatives as material information becomes available. For more information, visit the Company's website at www.LIGAssets.net.
Forward-looking statements in this press release involve risks and uncertainties, including regulatory approvals, permitting, market conditions, financing availability, engineering results, and completion of technical studies. Historical estimates referenced have not been verified under current SEC SK-1300 standards and should not be interpreted as current mineral resources or mineral reserves.
Source Statement
This news article relied primarily on a press release disributed by NewMediaWire. You can read the source press release here,
